Overall,.ExpertOption offers various risk management tools and provides leverage up to 1:500.
🛡️Regulated and trusted by the
🛡️843 new traders chose this broker in the last 90 days.
🛡️Available for South African Traders. 🇿🇦
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ExpertOption at a Glance
| 🔎 Broker's Name | ExpertOption |
| 📍 Headquartered | St Vincent and the Grenadines |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | SVGFSA |
| 🌐 Countries not accepted for trade | United States, Canada, Switzerland, Israel, New Zealand, Australia, Singapore, Bulgaria, United Kingdom, France, Germany, Ireland, Denmark, Sweden |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $10 / R160,67 USD/ZAR at the time of writing). |
| 💳 Deposit Options | Credit/debit card (MasterCard, Visa and Union Pay) Skrill Neteller Fasapay Perfect Money Bank Transfer |
| 💳 Withdrawal Options | Skrill Neteller Fasapay Perfect Money Bank Transfer |
| 💻 Platform Types | ExpertOption platform |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | CFDs Forex Shares Cryptocurrency Commodities Indices |
| 👨💼 Languages supported on Website | Multiple |
| 👥 Customer Support Languages | Multiple |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Choose your quick section of our ExpertOption review below.
ExpertOption Review
Expert Option takes customer service very seriously. The broker has over a hundred account managers who focus on a range of different client needs. They also promise to deliver the fastest trades possible with their dedicated platform.
Overview
ExpertOption claims that its goal is to deliver an entirely transparent trading experience and provide its users with an intuitive trading platform and various educational materials to help the beginner trader.
ExpertOption takes customer service very seriously. The broker has over a hundred account managers who focus on a range of different client needs. ExpertOption also promises to deliver the fastest trades possible with its own dedicated platform.
Safety or Security
One of the best benchmarks to measure the safety of a broker like ExpertOption is to establish which regulating authorities are watchdogs over its actions.
ExpertOption is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA).
ExpertOption Sign-up Bonus
ExpertOption offers a welcome bonus to new traders who register for a real account with the broker.
This is offered in the form of a deposit bonus, which can reach up to 100% depending on how much you choose to deposit. Expert Option does not offer any deposit bonus to first-time traders.
As a general explanation, a bonus can be best understood as compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading currency pairs and will, therefore, incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note, however, that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest with prizes.
ExpertOption Minimum Deposit
The minimum deposit required to open a broker account with Expert Option is only $10/160,67.
This is a shallow minimum deposit requirement compared to many other brokers in the industry and should present a low barrier of entry to most new traders.
Step-by-step guide to depositing the minimum amount
Depositing into your account with ExpertOption consists of the following steps:
Step 1 – Log in
If you wish to deposit funds in your trading account, Log in
Step 2 –Make the deposit
Click on the button ‘Deposit.’
choose the best deposit option for you
remember that your chosen deposit method is the same method by which you will have to make withdrawals
Step 3 – Review your transaction
Choose the best deposit option for you.
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Account Types
Expert Option provides a broad selection of account types, including Micro Accounts, Basic Accounts, Silver Accounts, Gold Accounts, Platinum Accounts, and Exclusive Accounts.
Traders can also open a demo account on the broker’s platform to test out the various tools and features before signing up for a real account. Expert Option does not offer a swap-free or Islamic Account for traders of the Muslim faith.
All account holders will enjoy the following features and benefits:
Low minimum deposit (just $10)
Large maximum returns (up to 95% of winning trades)
The intuitive platform, which is easy to use for beginners
Access via desktop and mobile apps
A wealth of educational materials to suit traders of all experience levels
No commission on deposits and withdrawals
Large bonuses (for Non-EU clients)
Personal account managers
Good analytical tools to help facilitate smarter trading
Several different funding options
The ability to trade on many instruments
Good customer service
ExpertOption Account Features
Micro Account
The Micro Account from Expert Option is designed for traders who prefer to start in a low-risk environment and then upgrade their accounts when they are more comfortable.
Bonus 50%
Maximum deal of $50 / R797,48
Maximum of 10 deals at a time
Access to educational materials
Basic Account
The Basic Account from Expert Option is another low-risk account option for traders who wish to invest a small amount at first. The minimum deposit requirement on this account is $50 / R797,48.
Silver Account
The Silver Account from Expert Option is the most popular account in the broker’s offering and includes certain additional benefits, such as free consultations. The minimum deposit is $500 / R7974,83, which is high.
Bonus 80%
Maximum deal of $100
Educational materials
Personal account manager
A maximum of 15 deals open at a time
Gold Account
The Gold Account from Expert Option is a premier option with more advanced, customizable features. It requires a minimum deposit of $2 500 / R 39 874.
Bonus 100%
Maximum deal amount of $300
Educational materials
Personal account management
Consultation with leading trading experts
Priority (rapid) withdrawals
Increased profit on assets
Unlimited simultaneous deals
Platinum Account
The Platinum Account from Expert Option is designed for expert traders and includes exclusive account management for serious investment. The minimum deposit on this account is $5000 / R 79 748,25.
Bonus 125%
Maximum deal amount of $1000
Access to educational materials
Personal account manager
Priority withdrawals
Consultation with leading trading experts
Increased profit on assets
Individual analysis of your trading history
Unlimited simultaneous deals
Exclusive Account
The latest addition to the broker’s offering, the Exclusive Account,, is available by invitation only. For additional information on this account, contact the account manager.
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ExpertOption Demo Account
The Expert Option demo account is interesting because it does not require any registration or sign-up process beforehand.
When users click on the option to open a free demo, they are immediately directed to an interactive demo environment with other practice traders.
The demo account is funded with $10,000 in virtual currency, so you do not need to risk any of your own funds. The demo environment will simulate live market conditions.
Opening a demo account with Expert Option will consist of the following simple steps:
Click on the Open Free Demo button at the bottom of the Expert Option website
This will take you straight to an interactive demo platform
From here, you will be able to start trading immediately with other traders who are also using the free demo platform
You can click on the live chat button to contact the customer support team for assistance on how to further navigate your way around the demo platform.
ExpertOption Islamic Account
Expert Option does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
Essentially, an Islamic forex trading account charges no swap or rollover interest on overnight positions held in the forex market. However, some accounts charge an administration fee to open positions.
How to set up an ExpertOption Demo Account – Step by Step
Opening a demo account with Expert Option will consist of the following simple steps:
Step 1 – Open Your Account
Click on the Open Free Demo button at the bottom of the Expert Option website.
This will take you straight to an interactive demo platform.
Step 2 –Fill out the form
From here, you can start trading immediately with other traders using the free demo platform.
You can click on the live chat button to contact the customer support team for assistance in navigating your way around the demo platform.
Step 3 – Download the trading platform
- Next,, traders must download the trading platform and log into their accounts using the details provided.
- Demo trading can now commence.
A forex demo account, also known as a practice account, is used for practicing trading or testing a new trading strategy without risking actual money.
A forex demo account is also intended for beginners to familiarize themselves with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, it is highly recommended that you open a forex demo account first until you are comfortable with your trading strategy and the intended trading platform.
ExpertOption Trading Platforms
The forex trading platform provided by Expert Option is the software for carrying out trades. Some brokers provide only one trading platform, whereas others offer several.
A multi-asset trading platform allows clients to trade forex and other asset classes. The decision about which platform to choose will usually depend on what the client wants to trade.
Expert Option provides its proprietary platform through which trades can be executed.
Fees and Spreads
Traders with Expert Options can expect the following spread list:
Spreads vary depending on the chosen account type but can be as low as 0.1 pips on certain instruments.
ExpertOption also charges commissions. These consist of $5 on any winning trades. Regarding the commission on payouts, the broker can take up to 5% on winning trades, which is below the industry standard.
ExpertOption Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next.
ExpertOption requires a minimum deposit of 50 USD and offers the following payment methods for deposits and withdrawals:
Visa
Mastercard
Bank Transfer
Union Pay
Skrill
Neteller
FasaPay
Perfect Money
Min Deposit
USD 10
Regulators
SVGFSA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ExpertOption Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Bangladesh | 14.69% |
| 🥈 India | 11.48% |
| 🥉Egypt | 10.40% |
| 🥈Saudi Arabia | 4.76% |
| 🥇Turkey | 6.35% |
ExpertOption vs. Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇ExpertOption | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $10 / R160,67 USD/ZAR at the time of writing). | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
ExpertOption Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “ExpertOption is entered into Google’s search engine over a given period.
ExpertOption Customer Reviews
Very good with a little vigilance.
Very good with a little vigilance and experience can be great👍👍
The best platform to buy and sell BTC
The best platform to buy and sell BTC, period.
A great company also strives to be
A great company also strives to be reliable and simple so that anyone can start trading here very easy trading and with good profit
I love it
I love it. I will advise my friends!!
ExpertOption Pros and Cons
| ✅ Pros | ❎ Cons |
| Decent Platform | Limited amount of options |
| Demo Account Available | Only short-term options |
| Variety of payment methods available | Not the best regulation |
Conclusion
Overall, ExpertOption is considered a low-risk and can be summarised as trustworthy and reliable. ExpertOption is an FMRC-authorized broker with a license from one of the world’s reputable regulatory bodies VFSC.ExpertOption is listed as #116 of 981 for Forex Brokers in South Africa. It is not among the best-rated South African Forex brokers, with a rating of 7.0/10.
Disclaimer
Expert Option warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.
Before deciding to trade with Expert Option, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and experience level before investing money they cannot afford to lose.
Expert Option warns that margin trading involves the potential for profit and the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence Expert Option cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Risk Management
Risk management is identifying, assessing, and controlling risks that arise in financial markets. In ExpertOption, a digital options trading platform, risk management refers to the strategies and techniques that traders can use to manage the potential risks associated with trading.
This may include diversifying portfolios, setting stop-loss orders, and carefully monitoring the market to make informed trading decisions. The ultimate goal of risk management is to minimize potential losses and maximize investment returns.
Frequently Asked Questions
What are the advantages of trading with ExpertOption?
ExpertOption offers hundreds of different tradable assets from which to choose. These include currency pairs, commodities, stocks, and cryptocurrencies. This makes choosing assets you’re comfortable trading on and making quick profits easy.
What is the overall rating out of 10 for Expert Option?
The overall rating is 8/10.
Is ExpertOption a legit broker?
ExpertOption is an online broker regulated by SVGFSA. It has some advantages that make it stand out among its competitors.
Which platforms are supported by Expert Option?
Expert Option provides the Expert Options proprietary platform.
What type of broker is ExpertOption?
According to our research, Expert Option is an online Forex and CFD broker headquartered in Port Vila, Vanuatu.
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